STOCK OPTIONS

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

STOCK OPTIONS [Text Block]

4.     STOCK OPTIONS

The Company's Stock Option Plan (the "Plan") provides the grant of 5,000,000 shares of common stock of the Company, subject to increase after March 31, 2019, upon approval by the Company's directors, provided that the total number of shares that may be optioned and sold under the Plan shall at no time be greater than 15% of total number of shares of common stock outstanding, less any options still outstanding under any previous stock option plan.

The Company uses the Black-Scholes option pricing model to calculate the fair value of stock options. The use of the Black-Scholes option pricing model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock consistent with the expected term of the option, risk-free interest rates, the value of the common stock and expected dividend yield of the common stock. Changes in these assumptions can materially affect the fair value estimates
 

On November 30, 2018, the board of directors granted 1,000,000 options to the CEO, 400,000 options to its directors and 400,000 options to consultants.

The fair value of the options granted to the CEO, directors and consultants calculated to be $59,712, $23,885, and $23,885. Total $107,482. The fair values were determined using the Black-Scholes Option Pricing model with the following assumptions:.

	At November 30, 2018
Expected Life of Options	2 years
Risk-Free Interest Rate	1.63%
Expected Dividend Yield	Nil
Expected Stock Price Volatility	409%

On November 30, 2018, the board of directors of the Company granted a Non-Plan option to purchase up to 100,000 shares of the Company to a non-related party. The fair value were determined using the Black-Scholes Option Pricing model with the following assumptions:.

	At November 30, 2018
Expected Life of Options	1 ½ years
Risk-Free Interest Rate	1.63%
Expected Dividend Yield	Nil
Expected Stock Price Volatility	382%

The fair value of the options granted were $5,854.

During the year ended December 31, 2019 there were no share or stock options issued.
 

As at December 31, 2019, the Company had 1,900,000 option outstanding with a weighted average exercise price and weighted average life of $.10 and .89 years, respectively.